The Gateway Economic Development Corporation owns and operates Quicken Loans Arena and Progressive Field in Cleveland. In 2013, both venues hosted various sporting events and concerts. The Indians had a successful season, making the playoffs. Gateway's responsibilities include maintaining the facilities and addressing major capital repairs, with funding provided by lease agreements with the Indians and Cavaliers. Financially, Gateway had $3.7 million in operating receipts and expenses in 2013.

1. Gateway Economic Development Corporation of Greater Cleveland
2013 Annual Report

2. It is with pride that we provide you with our annual report for 2013.
Gateway Economic Development Corporation of Greater Cleveland
(Gateway) was formed in 1990 by the City of Cleveland and Cuyahoga
County, for the purposes of financing, building, owning, and operating
the Gateway Sports Complex in downtown Cleveland.
Gateway owns Quicken Loans Arena, Progressive Field and surrounding
common areas, including Gateway Plaza along Ontario Avenue.
Gateway’s lease agreements with the Cleveland Indians and the Cleveland
Cavaliers, as revised and extended in 2004 and 2007, facilitate Gateway’s
ability to continue as a good steward of these two tremendous buildings,
as it has been for a generation.
The leases with the Indians and the Cavaliers require the teams to pay for
the operating and maintenance costs of their respective facilities, many of
the capital repair costs, as well as all of the cost of operating the Gateway
Corporation. Gateway’s responsibilities – pursuant to a budget agreed upon
annually with the teams and financed by team rental payments - includes
common area maintenance, insurance, security and oversight of the
maintenance and capital repairs of the ballpark and the arena, ensuring that
Gateway’s facilities are maintained to guarantee their long-term viability.
As a result, the ballpark and the arena are today in excellent condition.
They will continue to be maintained aggressively and thoroughly as they
have been since they opened in 1994. Major capital needs will eventually
arise (those costing over $500,000 generally) and under the term leases the
responsibility for those major capital repairs is Gateway’s. In 2012 Gateway’s
Board of Trustees enacted a policy governing the management of
procedures related to team requests for the funding of major capital repair
items. The Policy provides for rigorous Gateway review of such requests
and collaboration with our public stakeholders, the City of Cleveland and
Cuyahoga County, regarding the treatment of each request.
DEAR CITIZENS OF CUYAHOGA COUNTY,

3. Since 1994, more than 75 million tickets have been sold for
sporting events, concerts and shows at Gateway. The complex
– constructed in what had been a blighted part of downtown
Cleveland – has proven to be a rejuvenating economic catalyst.
It has generated jobs, a new residential Gateway neighborhood,
as well as millions of dollars in tax revenue for our local
governments. On game nights the area around Gateway is
abuzz with activity in nearby restaurants, hotels, taverns, and
other downtown businesses.
Great strides have been made in 2013 by both teams to bring
dynamic events to their facilities. Quicken Loans Arena started
off this year’s events with a heightened level of high-profile
concerts played at their facility including Justin Timberlake and
Pink. The Cleveland Cavaliers’exciting, young roster offers great
promise of future playoff years.
The Cleveland Indians had an amazing year in baseball
picking up some brand new talent to the team. The team
was outstanding and took its fans to the Wild Card game in
the American League. The buzz around the team was like that
of the 1990’s era.
It is our pleasure to share this report with you. We can all be
proud that Cleveland and Northeast Ohio have such an excellent
major league sports complex that complements our City’s other
great attractions and cultural institutions.
Respectfully,
Timothy P. Offtermatt Todd Greathouse
CHAIR EXECUTIVE DIRECTOR
GATEWAY’S MISSION
The Gateway Sports Complex is a year-round
customer service complex dedicated to
providing and maintaining a safe, clean, and
friendly atmosphere to our tenants, guests,
fans, employees, workers, and visitors. Our
staff is committed to delivering unparalleled
customer service in an efficient, courteous,
and professional manner.

5. September On September 1, the Indians salvaged their final
game of the season against Detroit, 4-0 on a
Mike Aviles grand slam.
Indians #2 starter, Ubaldo Jimenez, stepped up in
Masterson’s absence going 4-0 with a 1.09 ERA
during the month of September. He was named
American League Pitcher of the Month.
The Indians played some of their best baseball
of the season in September, going 21-6 in the
month, including a 10-game winning streak to
close the season.
Throughout the month, the Indians closed the
gap on the Texas Rangers and Tampa Bay Rays
and took the lead for one of the wild card spots
with about a week left in the regular season.
The Indians finished the season 92-70, which
was good enough for the top wild card spot,
which meant they would host the 2013 American
League Wild Card Game at Progressive Field.
On September 24, Jason Giambi hit a walk-off
home run against the White Sox, again becoming
the oldest player ever to hit a walk-off home run
at 42 years and 259 days, breaking the record he
set less than two months earlier.
PROGRESSIVE
FIELD
Cleveland Indians
2013 Season
Preseason The Indians signed Terry Francona to a four-year deal
on October 6, 2012.
The Indians then signed Nick Swisher to a four-year
deal on December 23, 2012.
April The Indians won their home opening game 4-1 with
ace Justin Masterson going eight dominant innings
and closer Chris Perez picking up the save.
The Indians’ fortunes continued to prosperlate in the
month as they won six straight games and 18 of 22
going through the middle of May.
On April 30, the Indians tied a team record, hitting
seven home runs in a game as they defeated the
Philadelphia Phillies 14-2.
May The Indians started May on a high note, winning 15
of their first 19 games of the month.
During April and May, the Indians defeated seven
former Cy Young award winners.
June Second baseman Jason Kipnis was named the
American League Player of the Month for June. He
hit .419 with 12 doubles, four home runs, and25 RBI.
Kipnis also stole nine bases and received Player of
the Week honors twice during June.
July On July 6, second baseman Jason Kipnis and starting
pitcher Justin Masterson were named to the American
League All-Star team.
Late July was highlighted by an eight-game winning
streak, which included sweeps of the then AL West
leading Texas Rangers and the Chicago White Sox.
The sweep of Chicago was the Tribe’s second four-
game sweep over the White Sox of the season, marking
the first time since 1960 that the Indians swept two
four-game series from the same club. In the July 29 win
over the White Sox, slugger Jason Giambi became the
oldest player ever to hit a walk-off home run at 42 years
and 202 days. Chris Perez regained his closing duties in
July and saved eight games.
August The team struggled throughout the month, finishing
August at 12–16, their roughest month of the season.
Information Source: http://en.wikipedia.org/wiki/2013_Cleveland_Indians_season

7. QUICKEN LOANS
ARENA
The Q
The Quicken Loans Arena is the home of the Cleveland Cavaliers of
the National Basketball Association (NBA), the Lake Erie Monsters
of the American Hockey League (AHL), the Cleveland Gladiators of
the Arena Football League (AFL), and the Mid-American Conference
(MAC) Basketball Tournaments.
It also hosts premier, world-class shows and events. In 2013, The Quicken
Loans Arena brought the following shows and concerts to Cleveland:
• 16 Disney on Ice Shows
• 4 Monster Jam Shows
• The Moondog Coronation Ball
• 10 Circus Shows
• WWE Raw
• 2 Trans-Siberian Orchestra Shows
• Scott Hamilton Friends Ice Show
Concerts
• Muse
• Bon Jovi
• Taylor Swift
• New Kids on the Block
• Fleetwood Mac
• Eagles
• Justin Bieber
• Michael Buble
• Chris Tomlin
• P!nk
• Justin Timberlake
• Donny and Marie

8. FINANCIALS

9. Operating Expenditures
Administration $ 332,253
Common Area Site Maintenance $ 850,835
Common Area Site Security $ 740,997
D O Insurance $ 24,852
General Liability Insurance $ 80,408
Professional Fees $ 58,122
Property Tax $ 1,476,889
Business Improvement District Assessments $ 122,870
Parking for Employees (of Teams)(2)
$ 40,580
Total Operating Expenses $ 3,727,806
Income/(Loss) From Operations $ 0
(1) The foregoing financial report is compiled from internal information. For review of
Gateway’s audited financial information please refer to the Ohio Auditor’s website.
(2) Under provisions of the lease Agreement, Gateway is to provide parking for the
teams’employees, which is paid for by the teams.
Statements of Receipts and Expenditures(1)
For the Year Ended December 31, 2013 (Operations Only)
Operating Receipts - Rent Paid by Teams $3,727,806
Total Operating Receipts $3,727,806
Gateway Economic Development
Corporation of Greater Cleveland

11. Timothy Offtermatt
Chairman
Senior Vice President
Stifel Nicolaus
Matt Carroll
Chief of Staff
County Executive Ed FitzGerald’s Office
William Reidy
Retired
Emanuel Glover (City)
Senior Vice President Director
of Community Development Banking
Fifth Third Bank
Tracey Nichols
Director of the Department
of Economic Development
City of Cleveland
LEGAL REPRESENTATION
Dennis Wilcox
Attorney
Climaco, Wilcox, Peca,
Tarantino, Garofoli Co. LPA
ADMINISTRATIVE STAFF
Todd Greathouse
Executive Director
Brian Kelly
Controller
Daniella Nunnally
Operations Coordinator
BOARD MEMBERS

12. Gateway Economic Development
Corporation of Greater Cleveland
758 Bolivar
Cleveland, OH 44115